We like to do a fun stock talk on Fridays and today it is Ferrari. They make about 75% of their revenue off their sexy looking cars. Beyond that they sell parts, engines, and other… within others, they sell their clothing and merchandise on their website.
Ferrari is a great company to own. They are growing at the higher end of the industry… think Patagonia or YETI… you see those logos on a jacket or sweater and you automatically think premium, nice, high quality. The same goes for Ferrari.
In terms of their share price, they are just slightly above their pre-pandemic highs of $177. We look at their 5Y chart and see over 400% growth… stimulus talks, vaccine, no pandemic… look for this stock to speed off. Ticker $RACE.